225 E Avenida Palmera

Palm Springs, CA, 92264

$5,895,000

$333 per ft²
$5,895,000
$333 per ft²
Active
Active
 - For Sale
beds
26 Beds
baths
30 Baths
carpenters-square
17,654 ft²
property_type
Multi-family
calendar
Built 1976
An unmatched investment opportunity in an incredible south Palm Springs location. This Spanish Hacienda style apartment complex, dubbed Casa de Palmera, comprises three separate buildings totaling 18 units on nearly an acre in Tahquitz River Estates. It's rare that a property of this caliber and potential becomes available in Palm Springs. All units are equipped with central AC, full appliance suites, oversized living spaces and bedrooms, and many units have one or two large private patios. All tenants are month-to-month and many are long-term residents. Unit Breakdown: four - 2BR/2.5BA two-story townhouses, four - 2BR/2BA single-level units, four - 1BR/1BA single-level units, and six - 1BR/1BA single-level "casita" units with no unit above. All units are currently below market rents. Other property highlights include: outstanding mountain views, lush green spaces, close proximity to public transportation, food, grocery, financial institutions, and downtown Palm Springs, owned laundry facilities, and abundant value-add opportunities.
MLS® ID:
22-182577
Listed:
7/26/22
Updated:
11/29/22

Interior Features

Kitchen Appliances
Oven, Microwave
Total Bedrooms
26
Total Bathrooms
30
Laundry Description
Community, Laundry Area
Fireplace
None
Cooling
Central
Heating
Central

Exterior/Building Features

Lot Size
0.93 acres lot
Exterior Features
Stucco, None
Architectural Style
Spanish
Lot Details
Curbs, Lawn, Landscaped, Lot-Level/Flat, Sidewalks
Roof
Clay
Sewer
In Connected and Paid

Other Property Details

Garage
No
Parking
Carport, Carport Detached, Covered Parking, On street, Uncovered
Parking Total
26.0
View
Y
County
Riverside
Water Source
District
Pool
Yes
Pool Description
In Ground, Filtered
Total Stories
2
Zoning
R3

Courtesy of Compass, James Gault,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Meagan Greene shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/29/22

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